What you need to know about the coronavirus job retention scheme – Key Dates

At Makinson and co, we are here to help! During this troubling time, we want to make sure you know what is going on and what you need to know about the coronavirus job retention scheme that the UK government have put in place.

There are several key dates that you as an employer or employee need to be aware of.

June 10, 2020 is the last date that furloughed employees can be put on furlough for the first time to be eligible for the scheme until October 2020.

June 12, 2020 as of this date the guidance on the changes to the coronavirus job retention scheme will be available on GOV.UK

June 30, 2020 the coronavirus job retention scheme will not be available to anyone who has not been furloughed for three weeks before this date.

July 1, 2020 flexible furloughing will begin meaning businesses will be able to bring back employees as and when needed. The coronavirus job retention scheme grant will cover usual hours that are not worked by the employee.

July 31, 2020 this is the final date that employers will be able to submit claims for staff that have been furloughed before the June 30th, 2020.

August 1, 2020 employers will now pay national insurance contributions as well as pension contributions for all furloughed employees.

September 1, 2020 from the state employees will have to pay 10% of furloughed employees wages plus the national insurance and pension contributions.

October 1, 2020 employers will now pay 20% of furloughed wages and national insurance and pension contributions.

October 31, 2020 the coronavirus job retention scheme ends.

For more information on the scheme please click here.

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